Aareal Bank (ETR:ARL) Receives a Downgrade
In analysts note issued to clients on Saturday, 28 November, Joh. Berenberg Gossler & Co. KG announced a downgrade to shares of Aareal Bank (ETR:ARL) to a “Sell” rating. The firm has a EUR 30.00 Estimated Target Price on the stock.
From a total of 10 analysts covering Aareal Bank (ETR:ARL) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is €46 while the lowest target price is €30. The mean of all analyst targets is €40.19 with a 26.90% above today’s (€31.67) stock price. Aareal Bank was the topic of 27 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux upgraded shares on November 28 to “Buy” rating. HSBC upgraded shares to “Buy” rating and €44 target share price in a report from a November 13. Bankhaus Lampe maintained ARL stock in a recent report from November 26 with “Hold” rating. Independent Research upgraded the rating on November 11. Independent Research has a “Buy” rating and a €46 price target on shares. Finally, Commerzbank upgraded the stock to “Buy” rating in a report issued on a November 18.
The stock decreased 3.61% or EUR 1.19 on November 27, striking EUR 31.67. Approximately 903,052 shares of stock traded hands or 179.93% up from the average. Aareal Bank AG (ETR:ARL) has 0.00% since April 27, 2015 and is . It has outperformed by 0.89% the S&P500.
Aareal Bank AG is a Germany-based real estate bank. The company has a market cap of 1.90 billion EUR. It provides finance, advisory and other services to commercial property and institutional housing sectors. It has 5.61 P/E ratio. It’s activities are divided into two core business divisions: Structured Property Financing and Consulting/Services.
According to Zacks Investment Research, “American Realty Investors, Inc. is engaged in investing in equity interests in real estate, leases, joint venture development projects and partnerships and, to a lesser extent, financing real estate and real estate activities through investments in mortgage loans, including first, wraparound and junior mortgage loans.” Get a free copy of the Zacks research report on Aareal Bank AG (ARL)